for the year ended 30 June 2022 FINANCIAL REPORT REMUNERATION REPORT (AUDITED) 36 Westgold Resources Limited Annual Report 2022 How is performance measured? Relative Total Shareholder Return Performance Condition The Relative TSR Performance Rights (25% of total Rights) are measured against a defined peer group of companies over the service period, which the Board considers compete with the Company for the same investment capital, both in Australia and overseas, and which by the nature of their business are influenced by commodity prices and other external factors similar to those that impact on the TSR performance of the Company. The vesting schedule for the Relative TSRmeasure is as follows: Relative TSR Performance % Contribution to the Number of Employee Rights to Vest Below 50th percentile 0% At 50th percentile 50% Above 50th percentile and below 75th percentile Pro-rata from 50% to 100% 75th percentile and above 100% Absolute Total Shareholder Return Performance Condition The ATSR Performance Rights (25% of total Rights) will vest subject to the performance of the Company’s TSR over the service period. The ATSR will be measured by comparing the 30 day VWAP at grant date to the 30 day VWAP at vesting date (30 June 2024). The vesting schedule for the ATSRmeasure is as follows: Absolute TSR Performance % Contribution to the Number of Employee Rights to Vest Below 15% 0% Between 15% and up to 25% Pro-rata from 50% to 75% Between 25% and up to 50% Pro-rata from 75% to 100% Greater than 50% 100% Absolute Earnings Per Share Performance Condition The AEPS Performance Rights (25% of total Rights) will vest subject to the annual growth rate of the Company’s EPS over the service period. The AEPS will be measured by comparing the EPS (excluding any non-recurring items) at the grant date to the EPS (excluding any non-recurring items) at vesting date (30 June 2024). The vesting schedule for the AEPS measure is as follows: Absolute EPS Performance % Contribution to the Number of Employee Rights to Vest Below 15% 0% Between 15% and up to 25% Pro-rata from 50% to 75% Between 25% and up to 50% Pro-rata from 75% to 100% Greater than 50% 100%
RkJQdWJsaXNoZXIy MjE2NDg3